Step up your game with our beginner’s guide to boxing betting

How To Bet on Boxing For Beginners

Betting on boxing is the act of wagering money on the outcome of a boxing match. As a beginner, you need to understand the odds, choose a reputable sportsbook, learn about the fighters and their styles, and consider factors such as their past performances and injuries. It’s also important to set a budget and stick to it. Remember, betting should always be done responsibly and for entertainment purposes only.

The Basics of Boxing

Sports betting on boxing involves wagering money on the outcome of a boxing match. As a bettor, you need to understand the odds, choose a reputable sportsbook, research the fighters, and place your bet on the fighter you think will win the match. It’s important to set a budget and maintain responsible betting practices. The odds represent the likelihood of a particular outcome and are expressed in different formats.

There are several high-profile boxing tournaments that offer betting opportunities, including:

The WBA was founded in the United States in 1921 as the National Boxing Association (NBA), and it changed its name to the WBA in 1962. It is the oldest boxing organization in existence and has been involved in the sanctioning of world championship boxing matches for many decades.

The WBC was founded in 1963 in Mexico City by 11 national boxing organizations. It is one of the four major organizations recognized by the International Boxing Hall of Fame (IBHOF).

The IBF was founded in the United States in 1983 by representatives from boxing organizations in the United States, Canada, and Puerto Rico. It was created with the goal of bringing fairness and integrity to the sport of boxing.

The WBO was founded in Puerto Rico in 1988, with the aim of being a more democratic and transparent organization than the other major boxing organizations. It is currently headquartered in San Juan, Puerto Rico.

The Ring Magazine is a boxing magazine founded in 1922. The magazine’s championship belt was first awarded in 1922 to recognize the world champion in each weight class, and it is still considered one of the most prestigious titles in boxing today. In 2002, the magazine began publishing its own rankings, and it has been involved in the sanctioning of championship matches in recent years.

These tournaments typically feature top-ranked boxers competing for world titles and provide numerous betting options, including betting on the winner of a specific match, the method of victory (e.g. KO, TKO, decision), and round betting. You can also bet on prop bets such as the number of rounds a fight will last or which fighter will land the most punches.

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How to Read Boxing Odds

Sportsbooks use boxing odds to indicate the likelihood of a particular fighter winning a match. Understanding how to read boxing odds is important for any bettor who wants to make informed decisions when placing bets on boxing matches.

Boxing odds are typically displayed in a fraction format, with the odds listed as the ratio of the amount you could win to the amount you wager. For instance, if the odds are listed as 2/1, this means that for every 100 you bet, you could win 200 if the fighter you bet on wins the match.

It’s important to note that in boxing, a minus sign (-) indicates the favorite, while a plus sign (+) indicates the underdog. The size of the odds also shows how likely a fighter is to win. For example, if a fighter has odds of -200, they are a heavy favorite to win the match, while a fighter with odds of +500 is considered a significant underdog.

To calculate your potential winnings from boxing odds, multiply your wager by the odds. For example, if you bet 500 on a fighter with odds of 2/1, you would win 1000 if that fighter wins the match.

It’s important to remember that odds can change leading up to a fight based on factors such as injury, public sentiment, etc. Keeping an eye on the odds leading up to a fight is always a good idea to secured you have the most up-to-date information when making your bets.

Types of Common Bets on Boxing and How They Work

There are several types of common bets on boxing that you can place, each with its own set of rules and outcomes. Here are some of the most popular types of bets and how they work:

Moneyline Bets

The moneyline bet is the most straightforward bet in boxing. To make this type of bet, you simply select the fighter you think will win the match. The odds for each fighter are represented by a minus (-) or plus (+) sign, with the favorite having a minus sign and the underdog having a plus sign.

For example, if the odds for Fighter A are -150 and the odds for Fighter B are +100, it means you would have to wager $150 to win $100 if you bet on Fighter A and $100 to win $100 if you bet on Fighter B.

It’s important to remember that the odds and payouts for each type of bet will vary depending on the fighters and their styles, as well as the sportsbook offering the bet. Always make sure to research and understand the rules and regulations of each type of bet before placing your wager.

So, how exactly does In-play betting on Boxing works?

In-play betting, also known as live betting, allows bettors to place wagers on a boxing match while it is ongoing. This type of betting allows you to take advantage of the changing odds and momentum of a fight as it unfolds, giving you the opportunity to place more informed bets and potentially increase your winnings.

Here’s how in-play betting on boxing works:

Start of the Fight

Before the fight begins, you can place pre-match bets on the outcome of the fight, the round it will end, or the method of victory. This gives you the opportunity to place a wager based on your research and analysis of the fighters and their styles, as well as the odds being offered by the sportsbook.

Live Updates

During the fight, sportsbooks will provide live updates on the action, including the current score and any significant events such as knockdowns or TKOs. These updates will affect the odds for each fighter, so it’s important to stay up-to-date with the latest developments in the fight.

In-Play Betting

Based on the live updates, odds for each fighter will change and new betting options may become available. This is when you can place in-play bets on the current odds and adjust your wagers as the fight progresses. For example, if a fighter is down on the scorecards and is showing signs of fatigue, you may want to bet on their opponent to win by KO or TKO.

End of Fight

Once the fight is over, the winner will be determined and all bets will be settled. If your bet wins, you’ll receive a payout based on the odds you received when you placed your wager. If your bet loses, you’ll forfeit the amount you wagered.

Note: In-play betting requires a quick and informed decision-making process, so it’s essential to stay up-to-date with the latest developments in the fight and to only bet what you can afford to lose. Always practice responsible betting habits and never chase losses.

Tips and Strategies when Betting on Boxing

Rugby betting tips are just as important for winning wagers as they are for betting on any other sport. Using these methods, you’ll have no trouble keeping track of your funds or increasing your odds of making profitable bets.

Research the Fighters

Before betting on a fight, research the fighters’ records, styles, strengths, and weaknesses. Check their past fights and look for any trends or patterns in their performances. This information can help you make a more informed decision when betting on the outcome of a fight.

Know the Boxing Rules

Familiarize yourself with the rules of boxing, such as the number of rounds, the type of decision that can be reached, and what constitutes a knockout. Knowing the rules will help you understand how a fight can be won or lost and make more informed decisions when betting.

Follow the Odds

Keep track of the odds for each fighter and monitor how they change leading up to the fight and during in-play betting. The odds can provide valuable insight into the public’s perception of each fighter’s chances of winning and can help you make more informed decisions.

Bet Within Your Budget

Set a budget for your boxing betting activities and only bet what you can afford to lose. Avoid chasing losses and stick to your budget.

Consider the Underdog

Don’t always bet on the favorite. Sometimes the underdog can provide great value and offer a higher potential payout. Consider betting on the underdog if you believe they have a good chance of winning or if the odds are in your favor.

Look for Special Bets

Consider betting on special markets such as the method of victory or the round the fight will end. These bets can offer higher odds and provide an opportunity for a big win.

Stay Up-to-Date

Stay informed with the latest news and developments in the boxing world, including any injuries or changes in the fighters’ condition. This information can affect the outcome of a fight and can help you make more informed decisions when betting.

Note: It’s important to remember that betting on boxing is a form of gambling and there is always a risk involved. Always practice responsible betting habits and never bet more than you can afford to lose.

Frequently Ask Questions

Is betting on boxing legal in the philippines?

Yes, betting on boxing is legal in the Philippines. The Philippine Amusement and Gaming Corporation (PAGCOR), a government-owned and controlled corporation, regulates and licenses all forms of gaming and betting in the country, including sports betting. However, it’s always best to check the latest laws and regulations in the Philippines, as they may change from time to time.

What is the most common type of bet in boxing?

The most common type of bet in boxing is the moneyline bet, where you bet on the outcome of a fight, either on the favorite or the underdog.

Can I bet on boxing from my mobile device?

Yes, many sports betting platforms and websites offer mobile betting like OKBET, allowing you to place bets on boxing from your smartphone or tablet. Mobile betting provides easy access to betting markets and odds, as well as the ability to place bets on the go.

How To Bet on Boxing For Beginners

The Basics of Boxing

Top Online Sports Betting Website for Boxing in 2023

How to Read Boxing Odds

Types of Common Bets on Boxing and How They Work

Moneyline Bets

Round Betting

Method of Victory

Prop Bets

So, how exactly does In-play betting on Boxing works?

Start of the Fight

Live Updates

In-Play Betting

End of Fight

Tips and Strategies when Betting on Boxing

Research the Fighters

Know the Boxing Rules

Follow the Odds

Bet Within Your Budget

Consider the Underdog

Look for Special Bets

Stay Up-to-Date

Frequently Ask Questions

Is betting on boxing legal in the philippines?

What is the most common type of bet in boxing?

Can I bet on boxing from my mobile device?